I think Oil prices is not a problem,but a plot.USA unleashed Oil war to prevent the emergence of China,Now China adjust a policy,Oil prices dropped.
The latest news ABOUT Oil prices. The U.S. Energy Department reported Wednesday that, in the week ended July 18, gasoline inventories jumped by 2.9 million barrels, much more than the half a million barrels previously predicted by the market. Also, stockpiles of distillate fuel, including heating oil and diesel, rose by 2.42 million barrels.

    Meanwhile, the reports showed that the U.S. domestic fuel demand dropped to a lowest point since January 2007 with average 19.9 million barrels a day, signaling that the weak economy and high energy prices have curbed demand.

    The dollar strengthened against the euro on Wednesday, and the ease of concerns about production disruption by the Hurricane Dolly also helped to bring down the crude oil price.

    In London, the Brent crude for September delivery fell 4.26 dollars to settle at 125.29 dollars a barrel on the ICE Futures Exchange.     
    The dipsy doodle prices of oil was all a facade.I think USA controls Oil prices to prevent the emergence of China.

Tags: China, USA

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